Key points from this slide deck “Potential impacts of the 2024 antidumping and countervailing duties on the U.S. solar industry” are prepared by ACORE are:
•The current health of the U.S. PV sector is exceptional, with a strong track record of installation volume growth across end-use segments and a fast-emerging domestic PV manufacturing supply chain.
•Growing U.S. PV installations support job creation in a variety of sectors, with installation, project development, and supporting roles accounting for almost 90% of all U.S. solar employment opportunities.
•The Inflation Reduction Act (IRA) is a crucial piece of legislation supporting the current health of the U.S. PV sector, with positive impacts on both the demand and supply sides of the sector.
•Demand side drivers include the extension of the Investment Tax Credit, Production Tax Credit, and tax credit address such as the Energy Communities, and Domestic Content Bonuses.
•The Inflation Reduction Act transformed the outlook for domestic PV manufacturing, with announcements for U.S. capacity additions exceeding 130 GW for PV modules and 85 GW of PV cells.
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